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Thursday, 1 November 2018

Compound Interest


Satvik borrows Rs. 45000 from a bank at 10% compound interest. He repays it in three annual installments that are in arithmetic progression. He ends up paying 54000 totally. How much did he pay in year 1?
A.Rs. 16,500
B.Rs. 19,500
C.Rs. 21,000
D.Rs. 18,000

Posted by Bhaskar Reddy at 03:51 1 comment:
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